According to the New York Digital Investment Group (NYDIG), Bitcoin remains the top-performing asset in terms of returns, despite its volatility. Greg Cipolaro, NYDIG's global head of research, highlighted Bitcoin's exceptional returns compared to other assets using the Sharpe ratio. This ratio assesses an asset's performance relative to its risk by calculating the ratio of excess returns to volatility. Cipolaro presented Sharpe ratios for various asset classes, showing Bitcoin's favorable performance across different time frames. While gold had a slightly higher Sharpe ratio in the past year, Cipolaro emphasized the negligible difference between the two. He also challenged Goldman Sachs' view on Bitcoin's performance, emphasizing that absolute returns are crucial for financial obligations. Despite its volatility, Bitcoin has proven to be the best-performing asset this year, as per NYDIG's analysis. The cryptocurrency's price has remained stable recently, trading around $62,560 after reaching $63,150 on Oct. 13. Read more AI-generated news on: https://app.chaingpt.org/news

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